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Americas:RWE yields 25 MT of crude Oil

Production from the Mittelplate oil field in Germany reached a milestone with 25 million tons of crude, German energy company RWE announced. RWE along with its partners at German energy company Wintershall have worked to draw oil from the Mittelplate oil field since 1987. The 25 ...

Americas: Eastern coal outperforms western prices as gas weighs on market

p>Over-the-counter coal prices in the US continued to diverge Monday, torn by conflicting pressures originating from further declines in natural gas futures and the US dollar. NYMEX look-alike prices opened sharply higher on Monday, before giving back some of those gains, while ...

Americas: DuPont Appoints Terry Caloghiris As President

DuPont (DD: News ) said that it has named Terry Caloghiris as President, Strategic Initiatives and John McCool as President of Performance Coatings. The company stated that both the appointments are effective Nov. 1. Commenting about Caloghiris, the company said that he is ...

Biocause Pharmaceutical to Construct a 200kt/y C4 olefin to Propylene Project

p>Biocause Pharmaceutical Co., Ltd announced that it planned to construct 200kt/y catalytic cracking of C4 olefin to propylene project. The project included 21.8kt/y propylene, 10kt/y propane and 120kt/y liquid gas capacity. The company said that in the past five years, the ...

China: Boyuan Investment Group Started the Construction of Its 200 kt/y Coal to MEG Project

p>Inner Mongolia Boyuan Investment Group Sunite Alkali Co., Ltd started the construction of its 200kt/y coal to MEG project in Xilin Gol League of Inner Mongolia. According to the company, the project included two construction phases with Phase I 100kt/y project predicted to ...

Middle East:OPEC oil reserves surpass trillion barrels

Underlining its ability to meet global oil demand s for years, OPEC said its reserves crossed a trillion barrels for the first time. According to Saudi Arabia s Petroleum and Mineral Resources Minister Ali Al-Naimi Saudi Arabia and other OPEC countries produced more than 400 ...

Americas:Syracuse Univ-entrepreneurs in biofuel project

Syracuse University has announced a partnership with two entrepreneurs to advance the use of biofuels as an alternative energy source for U.S. armed forces.Two entrepreneurs, John Fox and Wayne Arden, have proposed producing biodiesel in Afghanistan to achieve multiple benefits, ...

Europe:UK tops in carbon pricing, Australia lags

Australia lags far behind its main global competitors in setting a carbon price, a new study shows. The report, by U.K.-based Vivid Economics and commissioned by the Climate Institute, calculated the implicit carbon price in dollars per ton of carbon pollution by studying the ...

Americas: US benzene short covering turn hydrodealkylation margins positive

p>US benzene short covering pushed hydrodealkylation economics just into the positive territory late Monday, according to Platts data. HDAs began to see positive margins at $2/mt. The last time economics were profitable was August 26, according to Platts' data. Benzene saw a ...

Americas:Pentagon plans reduction in energy use

The U.S. Defense Department needs to use less energy regardless of the form, an energy official at the Pentagon said from Washington. Sharon Burke, the Pentagon's new coordinator for energy, said energy efficiency is vital for the success of warfighters and national defense. ...

Asia: Iran's Mehr may switch HDPE grades production on butane-1 shortage

p>Iran's Mehr Petrochemical may start producing grades other than film-grade high density polyethylene at its plant due to a shortage of butane-1 feedstock, a source close to the company said Wednesday. Mehr Petrochemical has a 300,000 mt/year HDPE plant at Assaluyeh. There are ...

Europe: Russian president visits Turkmenistan for energy discussions

p>Russian President Dmitry Medvedev is visiting Turkmenistan Thursday and Friday for wide-range talks with Turkmen President Gurbanguly Berdymukhammedov, which will include discussions on the energy sector. Cooperation in the energy sector will be an important part of the talks, ...

Americas: US PHMSA seeks input on possible changes to pipeline inspection policy

p>The US Pipeline and Hazardous Materials Safety Administration said it is taking comments through January on proposed changes to its safety regime for monitoring oil, natural gas and other hazardous liquid pipelines, including a proposal that would bring more miles of pipeline ...

Americas: Kinder limits November Trans Mountain crude nominations at 32%

p>Kinder Morgan Canada Wednesday said it will limit overall November crude oil nominations on the Canada-to-US Trans Mountain pipeline at 32%. For October, Kinder Morgan limited overall crude nominations at 39%. Trans Mountain's planned November throughput was estimated at 316...

Asia: S Korea Hyundai Oilbank to export 10 ppm sulfur diesel next year

p>South Korean refiner Hyundai Oilbank will start exporting 10 ppm sulfur diesel from next year once its new residue fluid catalytic cracker, or RFCC, is up in July 2011, trading sources said this week. Hyundai currently exports between two and three MR-sized cargoes of 0.5% ...

Europe: BP fixes Suezmax for UK crude to USGC as European demand falls: trade

p>BP was heard Wednesday to have fixed a Suezmax loading crude from Scotland's Hound Point terminal from October 30 for travel to the US Gulf Coast, sources said. The move was possibly sparked by the strike action in France, which has led to the shuttering of most of France's 1...

China's distillate inventories fall 3.9% on month to 14.74-mil mt in Sep

China's inventories of gasoline, gasoil and kerosene amounted to 14.74-mil mt as of end September, down 3.9% from a month ago, according to data released by the China National Petroleum Corporation. Gasoline inventory was 6.21-mil mt, up 1.3% on month; gasoil dropped 8.6% to 7...

China: Typhoon Megi expected to affect arrivals of two imported fuel oil cargoes in S. China

Two foreign fuel oil cargoes might not arrive in South China as scheduled due to approaching super typhoon Megi, a survey found. "Lan Ping Hu" with about 20,000mt of Singapore mixed/cracked fuel oil is originally scheduled to reach Zhuhai port mid-October, with Chimbusco Pan ...

China: Shandong independent refineries run at 48.4% Thu, up 0.8 percentage points on week

Operation rate of independent refineries in Shandong Province averaged 48.4% Thursday, inching up 0.8 percentage points from a week ago, sharply up 22.4 percentage points from a year earlier, a survey showed. Shandong Shenchi Chemical resumed normal crude throughput of 3,000mt ...

Sinopec Gaoqiao Petchem to start base oil unit maintenance on Nov 20

p>Sinopec's Gaoqiao Petrochemical would put its base oil production facility into 37-day maintenance on Nov 20, said a source with the refinery. The refinery would shut an 8-mil-mt/yr crude distillation unit, a 3-mil-mt/yr hydrorefining unit and a 1.4-mil-mt/yr hydrocracker then. ...
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